North Carolina Stage Company
- Assets
- $256.0k
- Revenue
- $414.5k
- Investments
- $0.0
- Employees
- 20
- Location
- Asheville, NC
- Founding
- 03/2002
- Data as of
- 06/2021
- EIN
- 56-2266836
Organization Overview
North Carolina Stage Company is located in Asheville, NC. The organization was established in 2002. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, North Carolina Stage Company employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Stage Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, North Carolina Stage Company generated $414.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $323.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROFESSIONAL THEATRE AND ARTS EDUCATION PROGRAMS TO WESTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COMMUNITY AND SCHOOL ACCESS TO THEATRICAL PERFORMANCES AND PROMOTING THE ARTS AND EDUCATIONAL VENUES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hageman Executive Di | Officer | 40 | $39,000 |
Charlie Flynn-Mciver Artistic Dir | Officer | 40 | $30,000 |
Marie Bauer Member | Trustee | 1 | $0 |
Barbara Blomberg Member | Trustee | 1 | $0 |
Tom Bowles President | OfficerTrustee | 1 | $0 |
Elizabeth Bridgers Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,589 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,864 |
| Payroll taxes | $12,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,218 |
| Advertising and promotion | $3,810 |
| Office expenses | $5,822 |
| Information technology | $0 |
| Royalties | $1,540 |
| Occupancy | $56,812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,509 |
| Insurance | $4,435 |
| All other expenses | $0 |
| Total functional expenses | $323,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,022 |
| Savings and temporary cash investments | $380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,313 |
| Total assets | $256,005 |
| Accounts payable and accrued expenses | $20,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $123,028 |
| Secured mortgages and notes payable | $8,445 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $151,673 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $104,332 |